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214 West Market Street
Greenwood, Mississippi 38930
Staplcotn sold it to Farmers Grain Marketing Terminal, a cooperative which Staplcotn helped found. Staplcotn contracted to manage and operate the elevator for a flat fee plus a percent of the profit for its first three years. "From the very beginning, S... more
Cotton Farming - Editor's Note
Instead, Staplcotn concentrates on steady, conservative marketing when it takes a producer's cotton.The company began its business in 1921 and manages an annual volume of between 3.6 million and 3.8 million bales.To put that number into perspective, Jones says, Staplcotn handles about 41 percent of all cotton sold in its Mid-South and Southeast territories.Because of the changing nature of the cotton market, Staplcotn now has about 40 percent of its business in exports and 50 percent in domestic sales."A farmer has a lot of things to worry about during a normal production year," says Jones.
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